Fabien _the efficient capital allocator

fabienwks | Joined since 2010-12-10

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15 hours ago | Report Abuse

Based on market price action, seems like special dividend announcement is coming soon...

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1 week ago | Report Abuse

Added more today. cheers!

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1 week ago | Report Abuse

Approaching RM10bil market cap soon

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1 week ago | Report Abuse

Will be back to RM3 soonest

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3 weeks ago | Report Abuse

suddenly everyone interested in eggs, chicken, marine and familymart

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1 month ago | Report Abuse

Vincent Tan paring stake in BCorp to pave way for 'potential major acquisition in financial services segment'

https://www.theedgemarkets.com/node/649693

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1 month ago | Report Abuse

I would suggest management to stop wasting cash to buy back shares

better distribute cash dividends to shareholders instead as there are better options to deploy capital than increased their pie in the company

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1 month ago | Report Abuse

Share price weakened due to appreciation of yen against ringgit. over-reaction in my view

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1 month ago | Report Abuse

From Maybank IB report, consensus net profit for both FY2023 & 2024 is RM6.2bil

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1 month ago | Report Abuse

Earnings may have peaked in 2021-2022. But PCHEM is still expected to make at least 6billion profit per year which you are paying only paying 11-12x

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1 month ago | Report Abuse

At least 1.20 which is their stake in RHB. Everything under the sun is essentially free.

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2 months ago | Report Abuse

When it was 1.50, nobody wants this stock

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2 months ago | Report Abuse

Quarter not bad. 3.5 sen dividend

Continue to hold this cash cow

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2 months ago | Report Abuse

Expect to receive 90sen final dividend

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2 months ago | Report Abuse

Took profit today. Managed to bought at 1.72 low.

Hope Mr.Market presents the same opportunities again.

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2 months ago | Report Abuse

@dannyarcher
even if we are listening to the same interview, read the same materials, i can't guarantee that you will be able to understand and discern correctly. obviously, your intellectual capacity is different from mine

https://www.youtube.com/watch?v=MCR6pVwylys&t=2439s

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2 months ago | Report Abuse

Agogo will be a big CATALYST.

Anyway, expect Yinson's earnings to grow 30-40% this year. Huge disconnect between earnings growth vs market cap.

Crude oil YTD up more than 30%. Yinson's share price down 15%. Their bigger peers, Modec up 17% while SBM Offshore up 10%.

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2022-11-07 21:35 | Report Abuse

40sen dividend. appetizer before the main course

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2022-10-31 22:23 | Report Abuse

Mazda looking good

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2022-10-21 20:43 | Report Abuse

Since the RPT announcement, market reaction in terms of price movement has been positive

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2022-10-09 10:02 | Report Abuse

Hong Leong is the only broker coverage on FLB. Based on their June report, they predicted FLB EPS 26.3sen for FY22 and 26.6sen for FY23. 6 months FY22 EPS almost 18sen. Surely 8sen for remaining 2 quarters are more than achievable. They already have pending orders to fulfill. Strong USD will benefits them substantially as 95% of their sales in USD while 80% of their costs in RM. Why need to rush and queuing to buy USD at money exchange when it is a better bet to place your money with FLB?

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2022-09-27 21:36 | Report Abuse

60mil sales proceed from KDU DJ campus - 2.5sen DPS
120mil sales of remaining stakes in education units - 74.63mil for distribution (12sen DPS)

Further asset monetization exercises in progress with carrying value of RM600mil

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2022-09-22 16:13 | Report Abuse

Yinson recognised at Asiamoney 2022 Asia’s Outstanding Companies Poll

Posted Date: 21 Sep, 2022

Yinson has been recognised as the ‘Most Outstanding Company’ in Malaysia under the Energy Sector at the Asiamoney Asia’s Outstanding Companies Poll 2022. The Asia’s Outstanding Companies Poll acknowledges Yinson’s commitment towards pursuing strong financial performance, management team excellence, proactive investor relations engagements and structured Corporate Social Responsibility initiatives.

Yinson Group Chief Executive Officer Lim Chern Yuan commented, “We are honoured to be recognised in this award, as it reflects the confidence that the investor community has in us. We have invested greatly into building open communication platforms, communicating our strategies and engaging with our stakeholders, and these rankings assure us that we are providing both consistent and quality engagement to our investors.”

Asiamoney is a business and management publication established in 1989 and a division of the United Kingdom’s Euromoney Institutional Investor PLC. The 2022 poll was supported by fund managers, buy-side analysts and rating agencies. Voters are asked to consider a company’s overall performance including its financial reporting, management team, investor relations and CSR initiatives. A total of 4,620 votes were received for publicly listed companies across 12 markets in Asia. The results recognize 176 companies as being the most outstanding for their sectors and in their market.

Yinson sincerely thanks all the individuals and institutions that voted for us in this esteemed poll. Yinson will continue to improve global operations, and most importantly, strive toward building a better future for all.

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2022-09-21 20:26 | Report Abuse

BAuto is a cash flow machine. Very very strong FCF generation that can support 80% dividends pay out.

Also, a good proxy for EV play (from local standpoint). They have impressive EV model line up; Mazda MX-30, Peugeot e-2008, KIA EV6 & PBV1

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2022-09-21 20:22 | Report Abuse

Long term plantation outlook aptly encapsulated by UMCCA's chairman Datin Paduka

"Despite the current challenges, UMB believes palm oil’s long-term outlook remains bright. In the foreseeable future, palm oil’s twin status as the vegetable oil with the highest yield per hectare and the cheapest vegetable oil to grow is unlikely to be challenged. }

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2022-09-12 13:50 | Report Abuse

@effulgence

Any update to your thesis write up post Q2 earnings?

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2022-09-01 16:09 | Report Abuse

I wonder why they keep so much cash. sitting idling. equity base is 688mil. cash is 694mil, stripping of debt...net cash about 495mil.

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2022-08-25 20:31 | Report Abuse

Bonus issue would attract more retail investors by increasing its liquidity/float



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2022-08-22 21:07 | Report Abuse

EPS 90sen...earnings about 7billion.

enterprise value of this company is about 55billion after taking in net cash of 16billion.

Very strong cash flow generation. annualised cash flow of 8 billion.

To me, the decision is pretty clear.

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2022-08-22 18:13 | Report Abuse

This company is amazing cash flow machine. Operating CF a whopping RM43.7mil against net profit RM18mil. 2.34 times of earnings

Churning abundant of cash...

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2022-08-22 18:10 | Report Abuse

Not too shabby. Above 10mil quarterly profit.

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2022-08-19 19:56 | Report Abuse

EPS at RM1, you are implying PE of 10x. HLI has always trade above 10x multiple because if you striped out their net cash (which is about 50% of market cap), it's ex-cash PER is less than 7x.

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2022-08-17 22:40 | Report Abuse

GCB end the year 2021 @ RM2.80. 1H earnings increased 39.6% y-o-y.

You are getting much better value for money at current prices

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2022-08-13 20:40 | Report Abuse

Maximisation of operational efficiency bear fruits.

Snapshot of FY2022 financial results
- Revenue 2.32bil (up 3.12%)
- Net profit - 173.4mil (up 30.14% against 133.24mil in 2021)
- GP margin 13.99%
- NP margin 7.47%
- Operating CF - 50.98mil (about 29% of net income)
- Capex 94.4mil invested in 650,000 sq ft facility in JB

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2022-08-12 20:52 | Report Abuse

terrence is still relatively new in this field of investing. gradually, over time, you will learn investing is not about excel spreadsheet

Posted by terence775 > 43 minutes ago | Report Abuse

learn the fundamentals and derive your own fair value to the company by understanding the business, challenges, opportunities, and risks.

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2022-08-12 20:42 | Report Abuse

if life gives you a second chance, an opportunity to go back in time. just a little bit..1 year back. i can bet with much certainty, with hindsight, that the Kuan brothers would not have taken the decision so quickly to expand their capacity. unfortunately in reality, market forces may not work in your favor. because if every of your competitors are buying up land, build factory and expand their production line. you risk being left.

lets take this a lesson to learn about this industry dynamics/landscape. when you have a low barriers of entry, with product commoditization and almost zero product differentiation, low switching costs., etc, the industry as a whole is at risk facing the inevitable negatively skewed imbalances towards the supply-side vs. demand-side forces, due to simple fact of human nature extrapolating the short term massive profit generation induced by the pandemic into the future

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2022-08-12 20:25 | Report Abuse

Back to where it belongs...RM7+

2Q GDP was robust, amidst low base effect. But still, growth is projected at the upper range bound of 6.8%. Banks are the best proxy for economic growth. Inflation seems to peak in the US but rising rates will benefit Banks generally on a net effect basis. Previous credit provisioning will see a reversal and thus boost the bottom line. With higher profit, expects higher dividends.

Furthermore, TNG Digital is doing well. Valuations are still reasonable.

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2022-08-12 20:09 | Report Abuse

Malaysian electricity utility Tenaga Nasional Bhd plans to begin the process next year for a potential US$1 billion (RM4.44 billion) listing of its power generation business, sources close to the matter told Reuters.

In what would be the country's largest initial public offering (IPO) in a decade, TNB Power Generation Sdn Bhd, known as TNB Genco, could be valued at about US$4 billion, the sources said, declining to be named owing to the confidential nature of the matter.

Proceeds from the offering will be used to grow TNB Genco's renewable energy portfolio, they added.

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2022-08-12 20:04 | Report Abuse

Maybank bullish SOP TP 4.90

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2022-07-28 20:21 | Report Abuse

Yinson enters exclusivity agreement with bp to reserve FPSO Nganhurra for PAJ project in Angola

inson, through its subsidiary Yinson Acacia Ltd, through its subsidiary Yinson Acacia Ltd, has entered into an exclusivity agreement with bp Exploration (Angola) Limited (“bp”), as the operator of the Block 31 Contractor Group (the “Agreement”) for the reservation of FPSO Nganhurra, a floating, production storage and offloading (“FPSO”) vessel for use in bp’s proposed 10 well subsea Palas, Astrea and Juno Oil Fields (“PAJ Project”) based in Block 31, Angola.

Under the Agreement, Yinson will exclusively allocate FPSO Nganhurra to bp for the PAJ Project until 31 December 2022 with an option for bp to extend until 30 June 2023 whilst the parties negotiate a contract to convert, operate, maintain and lease the FPSO for the PAJ project (the “Lease and Operate Contract”). The Lease and Operate Contract, which is anticipated to include a 10-year fixed term, is expected to be executed by the end of 2024 subsequent to bp reaching final investment decision.

Yinson holds an exclusive purchase option for FPSO Nganhurra until 30 June 2023 with its owners, Woodside Energy and Mitsui E&P Australia Pty Ltd, with an option for Yinson to extend such exclusive purchase option until 31 December 2023.

Yinson Production Chief Executive Officer Flemming Grønnegaard commented, “This Agreement emphasises Yinson’s position as the preferred contractor in executing FPSO redeployment projects, which have significant capex and schedule advantages, for established oil & gas players such as bp. We have recently completed two successful redeployment projects, which are FPSO Abigail-Joseph and FPSO Helang, and the Group is currently engaged in a redeployment delivery for FPSO Atlanta. We are confident that our track record, technical knowledge and experience in this industry will support and fulfil bp’s business needs.”

FPSO Nganhurra has a production capacity of 100,000 barrels of oil per day and was built by Samsung in 2006. The FPSO, which operated at the Enfield field in Australia until autumn 2018, is currently laid up outside Labuan, Malaysia.

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2022-07-14 18:16 | Report Abuse

Keck Seng has been "undervalued" like ever in decades...

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2022-07-11 18:36 | Report Abuse

Chocolate is one of the most popular sweet treats on the planet. Global annual sales are nearing $150 billion. As consumers in developing countries acquire more wealth, chocolate consumption is rising along with it. Some estimates point to sales of cocoa products reaching $200 billion per year by the end of the 2020s — representing an average annual growth of about 5%.

As part of the consumer staple sector of the stock market, chocolate isn't the highest growth investment theme out there. However, demand for chocolate and other sweets isn't going away anytime soon. In fact, chocolate sales are still rising as consumers in developing markets join the middle class, and previously out-of-reach products such as chocolate become a more regular part of the grocery shopping list.

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2022-06-27 20:32 | Report Abuse

their capital management strategies is a little bit complicated and not easy to comprehend for a lay person due to their usage of perpetual securities. on paper, the high level of debt will scare you off. unless you care to deep dive and understand their rationale of using these bonds.

i think the main risks investors need to care of is execution risk and counterparty risk. we can't anticipate future risks with much certainty, the only certainty investor can relied on is their track record and reputation over the years. and provided your risk appetite is up for it.

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2022-06-27 18:53 | Report Abuse

9 consecutive quarters of losses. gruesome

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2022-06-23 17:50 | Report Abuse

We raise FLB’s FV to RM 2.26 (from RM1.98), ascribing a 8.6x P/E (5Y average) on FY23 EPS of 26.6 sen as we roll over our valuation base year to FY23. We like FLB given its favourable product mix with primary exposure to the US RV market (c.50% of US sales) that commands a higher ASP. The strong USD will also benefit FLB as >95% of its sales are denominated in USD while >80% of the cost is in ringgit.

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2022-06-23 17:48 | Report Abuse

Currently, FLB has pending orders (until 3Q) with locked in plywood prices hovering near record high. Going into 2QFY22, we believe FLB will likely post stronger QoQ earnings on the back of (i) sustaining or slightly stronger GP margin; (ii) delayed revenue recognition from 1QFY22, and (iii) higher plywood realized price amid rising geopolitical tension.